A relatively quiet Wednesday as far as data releases go, but there is still some significant data for traders.

The EUR/USD continues to fall as the USD gathers in strength. The pair hit a session high of $1.19752 in early trading before dropping away, falling as low as $1.19144. It then recovered some of those losses to be currently trading at $1.19381. The GBP/USD pair had a more dramatic night of trading, hitting session highs of $1.35815 early, then tumbling down to almost fall into $1.34 territory. It fell to $1.35045 before paring back those losses to be currently trading at $1.35375.

The Dow had a solid night of trading, hitting all-time highs once again. It slowly gained momentum throughout the night, hitting a high of 25,437.90. It then gave up some of those gains late in trading. It is currently trading at 25,383.90, still over 100 points off session lows. The Dax has remained quite stable throughout the trading session, trying to shake off the under-performance that has plagued it recently. Session highs of 13,422.70 were reached early, while it hit lows of 13,353.04 a few hours later. It has bounced off those lows to its present level of 13,398.15.

Turning to events of today and the most significant data set for release is the UK Manufacturing Production figure. At a time when the UK economy is uncertain, due to the Brexit negotiations, data comes further into focus as markets look for positive stories coming out of the UK. Positive news gives markets confidence that the UK is not being significantly affected by its decision to leave the EU. Other data set for release today includes:

China – CPI, PPI

Europe – French Industrial Production

Canada – Building Permits

US – Import Prices, Final Wholesale Inventories, Crude Oil Inventories

UK – Goods Trade Balance, Construction Output, Industrial Production